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in our nations capital under the shadow of the great emancipator to awaken america's long slumber conscience. we rightly and best remember dr. king's soaring oratory that day. how he gave mighty voice to the quiet hopes of millions, how he offered a salvation path for oppressed and oppressors alike. his words belong to the ages. possessing a power and prophecy unmatched in our time. but we would do well to recall that day itself also belonged to those ordinary people whose names never appeared in the history books. never got on tv. many have gone to segregated schools and sat at segregated lunch counters. they lived in towns where they couldn't vote and cities where their votes didn't matter. there were couples in love who couldn't marry. soldiers who fought for freedom abroad that they found denied to them at home. they had seen loved ones beaten. and children fire hosed. and they had every reason to lash out in anger or resign themselves to a bitter fate. and yet they chose a different path. in the face of hatred they prayed for their tormentors. in the face of violence they sto
to be with you. white castle, the taste america craves. >> yeah. is that your -- >> okay. >> is that your saying? >> off to a good start. >> a good start here. let's talk about the healthcare legislation. what prompted you to say that current full-time workers would stay full time, but the new hires will only be part time, or may only be part time? >> for us, it's about great business, great food, and responsible citizenship. and it means we need to share our views. when we look at the law in the current form, definition of full time, arbitrarily picked to be 30 hours a week, doesn't fit with the business model restaurants have used around the country for decades. it forces us to be in a position where our healthcare costs will increase 35% if we don't make changes. >> you know, i will say i read over your plan. you're very generous in terms of the healthcare coverage and the pension plan that you offer. i mean, you're very much an anomaly in the fast-food industry. >> you know, bill, we've offered a health insurance plan since 1924, and our founder believed in providing freedom from anxiety. an
in the united states about the middle class. you know, we've got a middle america that we really need to develop, and that's where a lot of jobs like manufacturing and others can come into play that we're very involved in. but i also think, though, that america needs places for everyone to start. and sometimes the opportunity from the starting role on to grow and develop, i'm just extremely proud of the fact that 75% of u.s. management started with walmart as hourly associates. and this creation of opportunity, it's a great story of america, it's a great story of walmart. so whatever we do, we sure don't want to take away from the opportunity to get started, and the opportunity to grow and be a part of personal growth as well as the growth of our business and growth of america. >> lots of great stuff there. stick around. part two of maria's exclusive interview with mike duke is coming up. she asks him some pretty direct questions, especially about the company's bribery charges in mexico. >> are heads going to roll? is anybody going to get fired over this? >> oh. you'll have to wait to hear -- i
around the world, i want to make clear once again that america is not interested in spying on ordinary people. our intelligence is focused, above all, on finding the information that's necessary to protect our people, and in many cases, protect our allies. it's true, we have significant capabilities. what's also true is we show a restraint that many governments around the world don't even think to do, refuse to show. that includes, by the way, some of america's most vocal critics. we shouldn't forget the difference between the ability of our government to collect information online under strict guidelines, and for narrow purposes, and the willingness of some other governments to throw their own citizens in prison for what they say online. and let me close with one additional thought. the men and women of our intelligence community work every single day to keep us safe, because they love this country and believe in our values. they're patriots. and i believe that those who have lawfully raised their voices on behalf of privacy and civil liberties are also patriots who love our country a
's been that kind of year. >> banks under pressure. bank of america, j.p. morgan, both in the cross hairs by regulators. up next, find out how that could impact the stocks of these financial giants. >> also, activist investor big ackman wants jc penney to appoint a new ceo in 45 days. he is being impatient. is that enough time to find a new ceo for the struggling retailer? we will find out. back soon. i've been doing a few things for a while that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's real
to revolutionize high-speed travel in america. phil lebeau joins us now. we understand his announcement, more details in maybe an hour's time. >> we'll hear about the hyperloop, or at least his vision of it. the hyperloop hoopla is what we're looking at, because we don't have an indication of what he's going to tell us. he told us it's a theory. not a company he's forming. it's his vision of the future. it will be solar-powered and have the cost lower than what it would take to take a comparable trip in planes or trains. he tweeted a few hours before he pulled an all-nighter developing his hyperloop plan. the hyperloop will have an open architecture, so in other words, if other technology companies, other software engineers, if they want to add to the hyperloop that he throws out there, that's a possibility. i want to show you the animation, because this is the vision of a company out of colorado. et-3, it's developing tube transport technology. it's already issuing licenses to technology partners, similar to what musk has talked about, an open architecture. et-3 says tube transport costs wil
? >> gordon? >> yeah. >> well, that's not much of -- that's not much of a record to beat. i mean, america west and u.s. airway, together, bankrupt three times. so you're comparing apples and oranges. yes, it's better. yes, the pricing is better. it should be, oil's up 400%. the facts are that unless you have a network that's competitive with united and continental -- with united and delta, you are not going to be making all of the record profits. the big corporations book on networks not on individual city pairs. >> okay. one of the things i'm always concerned about is the fact that in the newspapers, the only thing they've been talking about, and on air, is what's happening to the airlines. we need bigger airlines so they can compete with each other. what we need is we need airlines to care about their consumers. they treat consumers and passengers with dignity, with -- to tell us what the prices are going to be. let us know what the fees are going to be, and they don't stick their thumb right in the eye of the regulators and of legislators by raising change fees by 50 bucks during the discus
a story today, as well, about an intern at bank of america in london who died after reporting for work for three straight day -- working three straight days. what can you tell us about that? >> yes, it's a terrible tragedy. this gentleman's name was moritz erhardt, a 21-year-old intern with bank of america in london. we had mentioned about him working three days straight. that's not been officially confirmed, nor has it been denied. it was known he is a hard-working guy who had been putting in a lot of hours, was found in his flat in london. authorities are still investigating it. you know, it just brings up the whole culture of the interns working at these banks and getting put through a lot of long hours. i had a chance to speak to a senior person at bank of america who told me, look, you know, it's a terrible tragedy, everybody feels bad about it, but this is -- this is what interns go through. they come here to learn how we operate. we want to see how they operate. and, you know, hopefully somebody gets hired when it's all through. but just a terrible, terrible tragedy, getting a l
that the top 50 institutional investment management firms in america have been becoming even more so tracking their error very closely in the benchmark, meaning they're hugging the benchmark. and they are indexing, meaning they are worried to give up the gains. i mean, common sense-wise tells you that the market has to have a little bit of a respite. we're up 20%. it's august. this is very normal. we're talking way too -- we're putting way too much into the notion that this is already priced in. we are in a real reactive market, folks. and the minute the fed starts talking about tapering, we're going to see some volatility in the market. >> yeah, we are. >> what's the alternative? i mean, brian, you know, if i want to take money out of the market now because i'm afraid of tapering, where do i put it? >> well, again, maria, we've never been one that wants to time the market. we think stocks are much higher five years from now. but we think the market's already hit its high for the year. so there's nothing wrong with taking a little bit off the table here, holding some cash, shorting your -- sh
rate-sensitive groups here, the banks had a nice move to the upside. there's bank of america, helped the overall averages. the dow jones industrials in particular moving up here. guys, i think it would be a bullish signal if we could end in anywhere near positive territory. it's a signal the market is getting more comfortable with tapering, and whether the timing is dramatic in september or december, i'm not sure it makes an awful lot of difference. i go with the tapering-light idea. that makes sense to me. back to you. >> all right, bob, thank you so much. >>> joining us now in our "closing bell exchange" is mark, david, doug from ing, and ben willis from albert freed & company. good to see everybody. thank you for joining us. let's talk the markets. first off, what a wild -- what a wild reaction, ben. talk to us about what went on down here when the minutes first came out, about an hour ago. >> i think you saw a reaction with the algorithms that might have been left on during the fed minutes, just the term the few may have been an indication there was a collegial consensus from ben
of the systems in the united states of america were ready to continue to trade. >> and ben this is one of the arguments that was made against robust back-up systems. people ask, gee, why didn't a back-up system kick in. >> trading has begun. you can see the nasdaq composite we've been showing flat lining the lot of two plus hours, is now moving. but not moving a whole lot. >> bertha probably sees this too. we see apple and amazon started trading. >> we're getting there. >> it'll be crazy to see whether or not this goes up smoothly or whether or not there are still hiccups in the first 10 or 15 minutes. >> and what's as in nasdaq omx doing? >> i'm looking. >> people thought they had cancelled their trades and got reports. >> you see the nasdaq itself, down almost 5% in trades. guys, i'm standing by the post where a blot of nasdaq post at the stock exchange. there are about 150 nasdaq stocks that trade at the stock exchange. they have been halted for several hours. here they are, some of them in red. we are still waiting for them to open. while we get tape c open here at the new york sto
on a dat, sued against bank of america for the old countrywiped bank loan, that's going to proceed. the judge said enough evidence is in to proceed. things are looking tough for the banks, aren't they? >> bank of america is exposed on this case. has an even bigger exposure potentially than jpmorgan. and another one, more than $30 billion in the case. less well able to afford that sort of bill than jp is. >> such an important precedent, tom. i can't even imagine. tom braithwaite. thanks very much. >> thank you. >>> 2%, bill. the decline for jpmorgan today. but 160 points is what we're looking for in the dow and maz dak. continuing to be the underperforming in the market. half an hour left to go. down more than 2%. >>> and coming up after the break, cesee syria and stocks. what it's doing to the oil price and gold. the sfwhags syria and the global fall outfor our economy as well, coming up next. >>> check out the online edition of talking numbers at cnbc.com/talkingnumbers. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to
o'hanlon, is it definite france will stand by america in this? is there another chance anotherally would stanother al ally would step up to the plate? >> i think mike's points are very well argued but i would say in this case the main goal is re-establishing deterrents against using weapons of mass destruction. if he doesn't get that message, the administration will have tough choices. i'm not sure who would be with us about engaging in a more sustained air campaign that would mimic what we did in bosnia and kosovo in the '90s. i don't think assad will retaliate or do this again because he knows we have compelling and effective next steps we could carry out if we needed to. in the end, i'm hopeful this operation will achieve its limited purpose of deterring future chemical and potentially nuclear proliferation. but i agree with mike, it's not going to solve the broader conflict and leave the civil war ongoing. >> mike breen, do you agree with that, that a man that john kerry referred to today as a thug, president assad, do you think he'll get a message that will get him to stop usi
, somebody at twitter took me to task for saying deleveraging. we are. corporate america is. the fed is not. >> europe is selling assets aggressively. >> corporate balance sheets have more cash than they've had in forever. >> it's not as much as in 2008, 2009 but it's still deleveraging. >> yes, it is. >> where are we going? the dow is going up 14 points. likes like we'll go down. david has three things investors need to keep the historic rally rolling. >> let's see if he remembers them all. later while it did not show the growth it hoped for, that's not general motors' fault. coming up, we'll speak to gm's chief economist and what he sees in the economy right now and howze his gigantic company is prepared for the new health care as well. that's coming up. you're not just looking for a house. you're looking for a place for your life to happen. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds
of ford, bank of america, and also pfizer, sprint, nokia, movement in the telecom names. all-time highs today despite the lower market hit for names like costco, 20th century fox, dow chemical, jm smucker's, tyson foods, also talking about patterns it's seeing across the emerging market space. but a lot of talk about demand for beef and chicken and what that means for consumers. 20th century fox down by .5%, and tons of talk today about what's happening in the cable space. comments in the "wall street journal" from cablevision ceo talking about the trend that he's seeing with that company and whether they're even going to offer cable or simply have broadband in the future. in the meantime, of course, the spat continues between time warner and cbs as people wait to see how that one will be resolved. looking forward to the sports. of course, showtime. that's the closing bell down here at the new york stock exchange. [ closing bell sounding ] being rung. that's the nasdaq, as well, where we're looking potentially for a positive close despite the other two indexes starting off the week to
think it's recovery growth where the stronger, consistent growth is coming from north america, especially in the u.s. as the manufacturing renaissance really drives earnings through cap x. you want to be more diversified within your industrial space and less so focused on the areas that only focus on china and emerging markets or europe. you want to be more diversified across sectors. >> dean, the pullback, do you invest in defensives or what do you do here? >> yeah. i mean, so right now the areas we tend to overweight are technology, health care and to a lesser extent consumer cyclical. we are reducing the exposure. the tricky part is we're not really seeing a lot of pent-up growth from our perspective particularly in the areas tied to the industrials and so you're trying to balance out the area that is are particularly attractively valued with some of the -- still can find the health care names where expectations have been set low enough to be met or exceeded where some of the tech stocks come in. >> david, in light of the very low volume, i think today could be potentially
Search Results 0 to 15 of about 16